Thread: Los Angeles Raises Minimum Wage to $15 an Hour

Originally Posted by jet57

Dude - you're caught - face it. You can't hack The City. Move to Albany 'er somethin. Mountain View maybe.

LOL. You're savvy business acumen is just too much for me.

So why do we "need" a $15 an hour minimum wage? Just a couple of years ago it was normal to work 40+ hours a week. Then came Obamacare and redefined the full time work week as 30 hours. Basically the government told employers to either cut their employees to 30 hours or less or face huge fines in the form of being forced to pay for their health insurance. Not the way most people perceive it, but that is essentially what happened. Again, this from a government that only pretends to care about debt and deficits, they could have simply paid for everyone to be insured, but again that is not the purpose.

So the employers (many of them) complied and cut hours. then people who used to work 40+ hours were working less than 30 but they still had the same bills to pay. Higher bills actually, because health insurance costs went up too. So rather than get a second job, which would be difficult for many because of secondary commute times and scheduling, they turned to the same government that f#$%@d it all up to fix it, and the proposal was to once again lie to the low earners and blame the employers. Because that is how this administration works.

Originally Posted by jet57

The area is as hospitable as it's going to get. You see, the shoe is on the other foot now and you guys don't like it - so you want government to do something about it... Moreover, minimum wage workers rarely work 40 hours a week at one job: they will have two or more, AND a lot of Temp agencies are staffing businesses with minimum wage workers, and those "temps", even though they work 40 hours a week get no benefits...

So the reality is, you're fear mongering.

this makes 0 sense.

Originally Posted by jet57

$50 a square foot for a retail lease is his problem. The outer lying areas charge $4-$5 a square foot.

You do the math.

yet the people buying my stuff are in the outer lying area's they are were I am at.
they won't travel to those area's which means I lose my business.

I have what you say makes no sense.

Originally Posted by ludin

this is not true. if they could simply fire up the press and pay what they owe then why not just print 16 trillion dollars an pay off the debt?
this would cause economic destruction. the dollar would be near worthless and no one would trade or loan you money. that is exactly why
we don't do what you just said we do.

Now you're on it. That is what is happening. China and Russia are abandoning the dollar as a world currency. And you are correct, if they did it all at once it would crash the dollar. But it is going to happen anyway.